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21 October 2013 sir can a lady can give GIFT to her sister son & whether it is taxable or not
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CA Pallav Singhania

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CA Pallav Singhania (Expert)
21 October 2013 Following r considered as relatives(in case of individual) under income tax act::

1) spouse of individual -----husband/wife

2)brother / sister of individual

3)brother/ sister of spouse of individual -----brother in law/sister in law

4)brother/ sister of either of parents of indiviual -----chacha/mama/bua/maasi

5) lineal ascendents/descendents of individual -----daada/daadi/naana/ naani

6)lineal ascendents/descendents of spouse of individual

7) spouse of persons mentioned abv(1---6)
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
10 October 2021 Yes, 'Bhanja' or 'bhanji' can get tax free gift from their 'mausi' or 'mama' of any amount.
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